Foreign firms vie for two key Pakistani oil and gas firms
10-08-05 The privatisation Commission Board has pre-qualified four parties interested in Pakistan Petroleum Limited (PPL), and seven parties keen on a 51 % equity stake in Pakistan State Oil (PSO).
"PPL is one of the largest exploration and production companies operating in various production and exploration concessions in the country," analysts Hasnain Imam and Noman ul Haq at Arif Habib Securities noted in report.
The Privatisation Commission had received 14 expressions of interest (EoI) for PPL.
The parties that submitted requests for statement of qualification (SOQs) included: BG Group, UK; BP Pakistan Exploration and Production, US; China National Oil and Gas Exploration (CNODC) and ZhenHua Oil Company, China; Centurion Energy International, Canada; Dewan Salman Fibre Limited and Associates, Pakistan; International Sovereign Energy, Canada; Kuwait Foreign Petroleum Exploration Company (KSC), Kuwait; MOL Hungarian Oil and Gas, Hungry; OMV Exploration and Production, Austria; Orient Petroleum,Pakistan; and Tysons Oil and Energy, UK.
Source: Asia Pulse Pte Ltd.
